Fuwei China Window Film 2011 Full Year Financial Results

Fuwei Films is a leading Chinese PET manufacturing plant with products spanning many markets including electronics, food, and energy conservation. They recently announced 2011 full year financial results. These results give a glimpse at the growth inside China for PET products. Although Fuwei seems to be primarily a BOPET manufacturer, they have expanding product lines and developing patent portfolio:

In August 2011, we received three utility patents from the Ministry of State Intellectual Property Office of the PRC. These utility patents relate to anti-condensation automotive window film, oligomer-proof automotive window PET base film and anti-flaming matte film for architectural heat insulation.

Their main BOPET lines of film grew from 501.5 RMB million in 2010 to 537.6 RMB million ($84.5 Mil) in 2011 representing a modest 8% increase; however their specialty lines of film which includes automotive window film products improved a substantial 60% rising from 88 RMB Million to 140 RMB million ($23 Mill) in only a year, accounting for more than the entire growth from 2010-2011.